newstodate.aero
Jun 05, 2019 (newstodate): After an agreement reached between the governments of Greenland and Denmark, Air Greenland will be fully owned by Greenland as SAS sells its remaining stake in the carrier
The transaction is a result of several years of discussions and negotiations, ending an era of ownership which dates back over 50 years.
Closing the deal on May 298, 2019, SAS has thus divested its 37.5 percent ownership in Air Greenland A/S to the Government of Greenland.
Managed by Jacob Nitter Sørensen as CEO from January 2017, Air Greenland is facing a challenging immediate future as to its future aircraft fleet and the coming new airport infrastructure in Greenland which will open up for potential competitors.
Lurking in the horizon is the need for considering the future wide-body capacity as the carrier's single Airbus A330 is getting close to retirement age after 21 years in the air, of which 16 with Air Greenland that took in the aircraft in 2003.
The decision on Air Greenland's future replacement of the ageing Airbus A330-200 will attain top priority as the country's airports infrastructure matures with the opening of new Transatlantic airports to replace Kangerlussuaq that is today the only airport with the capacity of handling the traffic between Greenland and Denmark.
With the new infrastructure in place, international flights can be operated at a new Nuuk Airport as well as at Ilulissat, a coastal town in western Greenland with significant seafood industries, with both airports to be equipped with a 2,200 m runway.
The transaction is a result of several years of discussions and negotiations, ending an era of ownership which dates back over 50 years.
Closing the deal on May 298, 2019, SAS has thus divested its 37.5 percent ownership in Air Greenland A/S to the Government of Greenland.
Managed by Jacob Nitter Sørensen as CEO from January 2017, Air Greenland is facing a challenging immediate future as to its future aircraft fleet and the coming new airport infrastructure in Greenland which will open up for potential competitors.
Lurking in the horizon is the need for considering the future wide-body capacity as the carrier's single Airbus A330 is getting close to retirement age after 21 years in the air, of which 16 with Air Greenland that took in the aircraft in 2003.
The decision on Air Greenland's future replacement of the ageing Airbus A330-200 will attain top priority as the country's airports infrastructure matures with the opening of new Transatlantic airports to replace Kangerlussuaq that is today the only airport with the capacity of handling the traffic between Greenland and Denmark.
With the new infrastructure in place, international flights can be operated at a new Nuuk Airport as well as at Ilulissat, a coastal town in western Greenland with significant seafood industries, with both airports to be equipped with a 2,200 m runway.